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Five Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debt (www.yahoo.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 39 points 3 months ago (9 children)

The issue is that they became part of everyone's 401k so the bootlickers and greedy fucks in Congress will tell us they're 100% essential because if they fail you lose your retirement.

I hate this system... Redistribution of wealth for the rich, rugged individualism for the pleb.

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  • [–] 18 points 3 months ago (7 children)

    They aren’t even public companies yet. They are not a part of everyone’s 401ks.

    MS, AMZN, Oracle, & NVDA were around before this, and will exist even when the bubble pops. Literally zero reason for a bailout.

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  • [–] 26 points 3 months ago (6 children)

    There is a very good chance that Oracle doesn't survive if OpenAI tanks.

    https://www.wheresyoured.at/how-openai-kills-oracle/

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  • [–] 30 points 3 months ago* (2 children)

    I hope Larry Ellison has to sell off his media companies and still has a heart attack in the end. He funds Israel.

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  • [–] 20 points 3 months ago (1 child)

    Larry Ellison is an even bigger son of a bitch than your standard Israel funder.

    Not just content with supporting a genocide, he wants to control all media and human behavior.

    Not even to protect his collaborators, but because there’s money in it.

    Larry Ellison belongs in prison.

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  • [–] 4 points 3 months ago (1 child)

    Okay? That still doesn’t mean they should receive a cent of bailout money. They’ve been declining for a while and that’s not the U.S. Taxpayer’s problem.

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  • [–] 4 points 3 months ago

    I never said a thing about bailouts. No one is baling these assholes out. They don't employee enough people to be important enough in the grand scheme of things to be afforded a bailout. Also, there isn't enough money to bail them out, because they will never be profitable and they know that. That's why they are angling to steal our retirement.

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